red states rule
10-16-2011, 03:51 AM
I am sure this idea will be me twith he usual contempt Dems have when anything is proposed that will allow people to keep more of the money they earn
After all, the ONLY choice liberals support is when it comes to killing the unborn
President Obama (http://www.foxnews.com/topics/politics/obama-administration/barack-obama.htm#r_src=ramp)’s proposed “Buffett Rule”-- which would force the wealthiest Americans to pay higher taxes to help cut the nation’s deficits -- has met its Republican match.
Republican lawmakers have introduced their own “Buffett Rule” that would allow billionaire investors like Warren Buffett who say they’re not paying enough taxes to voluntarily give more money to the federal government.
Under the legislation, authored by Sen. John Thune (http://www.foxnews.com/topics/politics/john-thune.htm#r_src=ramp) of South Dakota and Rep. John Scalise of Louisiana, taxpayers can donate at least a $1 to the Treasury fund for deficit reduction when they file their returns starting next year.
“If individuals like Warren Buffett or President Obama are inclined to donate their own personal money toward paying down the federal government’s debt, they ought to have that right to do so voluntarily,” Thune said. “This bill would make it easier for those wealthy individuals who feel they are currently under-taxed to pay more to the U.S. Treasury above and beyond their current obligations, without raising taxes on America’s job creators.”
Obama’s “Buffett Rule” is part of his $450 billion jobs bill that was defeated in the Senate this week and will now be taken up in pieces. His version of the rule aims to stop millionaires from exploiting lower tax rates on investment earnings than what middle-income taxpayers pay on their wages – a cause that Buffett, has been long advocating. But Republicans have fired back, saying anyone who feels undertaxed should just write a check to Uncle Sam.
Read more: http://www.foxnews.com/politics/2011/10/15/republicans-unveil-their-buffett-rule-allowing-americans-to-pay-more-to-uncle/#ixzz1awdAwLn4
After all, the ONLY choice liberals support is when it comes to killing the unborn
President Obama (http://www.foxnews.com/topics/politics/obama-administration/barack-obama.htm#r_src=ramp)’s proposed “Buffett Rule”-- which would force the wealthiest Americans to pay higher taxes to help cut the nation’s deficits -- has met its Republican match.
Republican lawmakers have introduced their own “Buffett Rule” that would allow billionaire investors like Warren Buffett who say they’re not paying enough taxes to voluntarily give more money to the federal government.
Under the legislation, authored by Sen. John Thune (http://www.foxnews.com/topics/politics/john-thune.htm#r_src=ramp) of South Dakota and Rep. John Scalise of Louisiana, taxpayers can donate at least a $1 to the Treasury fund for deficit reduction when they file their returns starting next year.
“If individuals like Warren Buffett or President Obama are inclined to donate their own personal money toward paying down the federal government’s debt, they ought to have that right to do so voluntarily,” Thune said. “This bill would make it easier for those wealthy individuals who feel they are currently under-taxed to pay more to the U.S. Treasury above and beyond their current obligations, without raising taxes on America’s job creators.”
Obama’s “Buffett Rule” is part of his $450 billion jobs bill that was defeated in the Senate this week and will now be taken up in pieces. His version of the rule aims to stop millionaires from exploiting lower tax rates on investment earnings than what middle-income taxpayers pay on their wages – a cause that Buffett, has been long advocating. But Republicans have fired back, saying anyone who feels undertaxed should just write a check to Uncle Sam.
Read more: http://www.foxnews.com/politics/2011/10/15/republicans-unveil-their-buffett-rule-allowing-americans-to-pay-more-to-uncle/#ixzz1awdAwLn4